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What a strange company is Pendragon!

By Chris Bailey | Wednesday 24 March 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I have never written before about Pendragon (PDG), which describes itself as a company which apparently is ‘revolutionising the automotive industry with its vision to transform automotive retail through digital innovation and operational excellence’. Suffice to say it has not talked about a bunch of difficult times over recent years, which took the shares down from a 25p plus share price in 2018 and early 2019 to just a 5p share price a few months into last year. So what should we be thinking now at today’s 18p share price and nearly £260 million market cap?

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